8-1 Problem Set_ Chapter 13.pdf - 10/24/2020 Document...

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10/24/2020Document1/11 Check My Work usedClassifying Cash FlowsIdentify whether each of the following would be reported as anoperating,investing, orfinancingactivity on thestatement of cash flows:a.Purchase of investmentsInvestingb.Disposal of equipmentInvestingc.Payment for selling expensesOperatingd.Collection of accounts receivableOperatinge.Cash salesOperatingf.Issuance of bonds payableFinancing
10/24/2020Document1/1Changes in current operating assets and liabilities—indirect methodHuluduey Corporation’s comparative balance sheet for current assets and liabilities was as follows:Dec. 31, Year 2Dec. 31, Year 1Accounts receivable$33,340$27,830Inventory18,14015,290Accounts payable15,68013,780Dividends payable52,49049,220Adjust net income of $198,140 for changes in operating assets and liabilities to arrive at netcash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the ans

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Term
Fall
Professor
N/A
Tags
Balance Sheet, Cash Flow Statement, Generally Accepted Accounting Principles

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